Existing Virgin Money customers have to create a new account to open a Cash ISA?

Eco_Miser

Descrabled said:

When Clydsdale bank bought the original Virgin Money they decided the whole group would trade as Virgin Money, just to confuse things, even though it was actually owned by Clydsdale.

This would have been one of the conditions of the sale of the original Virgin Money, and the shareholders of the original Virgin Money (including Richard Branson) became significant shareholders of the enlarged Clydesdale group.

Descrabled

How about a name change for the combined group now that Nationwide own Virgin Money. They probably still owns the right to use Yorkshire Bank so how about calling themselves Nationwideyorkshire or Yorkshirenatiinwide; now we're getting somewhere near. Hnnn  perhaps Yorkshire National Bank.

Tha knows "The National Bank of Yorkshire" could even issue it's own banknotes like Clydesdale Bank does. Think on.

Descrabled

"Yorkshire Nation"?

AmityNeon

heterodyne76 said:

flaneurs_lobster said:

Forgive me if this is obvious but the ISA is just another (new) savings account. Do Virgin need you to open something else as well?

The webpage for opening an ISA asks if you're an existing customer, and if so, do you have an account with 05 or 82 sort codes, or one stating 08. Choosing the 82 option makes you register as a new customer which I guess I could do, but makes me wary because I can see using the same email address would confuse their systems.

In summary, their systems would not be confused; their non-integrated systems remain separate and functional, and that requires a separate login profile. Other platforms are aware of this, e.g. when transferring away to Trading 212, Virgin Money is not listed as a single provider, rather:

• Virgin Money (08 sort codes)
• Virgin Money (82 and 05 sort codes)
• Virgin Money (VM and VIR accounts)

It's confusing for customers, but now that you're aware of this, there's no need to be wary about this particular aspect of their service.

EarthBoy

Descrabled said:

Nationwide have sort codes begining 40 and, as far as I know, don't bank with Clydsdale (or Virgin Money) even though they own them.

No they don't  Nationwide's sort codes start with 07.  40 were originally all Midland Bank/HSBC sort codes.

subjecttocontract

EarthBoy said:

Descrabled said:

Nationwide have sort codes begining 40 and, as far as I know, don't bank with Clydsdale (or Virgin Money) even though they own them.

No they don't  Nationwide's sort codes start with 07.  40 were originally all Midland Bank/HSBC sort codes, although Monzo now uses a 40 sort code.

Oh dear ......I've got sort codes  beginning with 40 with....Family BS, Tesco, HSBC, First Direct, Coventry, West Brom as well. 

EarthBoy

subjecttocontract said:

EarthBoy said:

Descrabled said:

Nationwide have sort codes begining 40 and, as far as I know, don't bank with Clydsdale (or Virgin Money) even though they own them.

No they don't  Nationwide's sort codes start with 07.  40 were originally all Midland Bank/HSBC sort codes, although Monzo now uses a 40 sort code.

Oh dear ......I've got sort codes  beginning with 40 with....Family BS, Tesco, HSBC, First Direct, Coventry, West Brom as well. 

First Direct is part of HSBC, so of course it uses the same sort code range.  Coventry, West Brom, and Family building societies, use HSBC as their clearing bank. So does Tesco, or at least it used to. 

I was wrong about Monzo.  Their sort code is 04, not 40.

kipsterno1

heterodyne76 said:

Eco_Miser said:

My Virgin M Plus current account is my old Yorkshire Bank current account sort code and number, my VM Plus Saver, Regular Saver Exclusive and VM Cash ISA Exclusive Issue 2 all use the 05-00-05 sort code, and are all accessed on the same login as the current account. I also have a VM Defined Access E-Saver Issue 19, and had a VM e-access issue 1, both on 08-60-64  sort code, and requiring a new login to be set up. Apart from the annoyance of having two logins where one should suffice I've had no problems. Just treat the three systems as different banks, they're less integrated than Halifax and Lloyds are.

Can I ask if that means you have some accounts not accessible via the Virgin Money app?

Yes. You will see all the accounts starting with 05 sort code on the app. The 08 sort codes are accessed via the website.

nomorekids

If you have an old 7 digit customer id you don't need to apply as new customer just use the 7 digit customer id to login and the defined access ISA is listed there to apply for and access using your existing 7 digit login details.

jameseonline

Descrabled said:

How about a name change for the combined group now that Nationwide own Virgin Money. They probably still owns the right to use Yorkshire Bank so how about calling themselves Nationwideyorkshire or Yorkshirenatiinwide; now we're getting somewhere near. Hnnn  perhaps Yorkshire National Bank.

Tha knows "The National Bank of Yorkshire" could even issue it's own banknotes like Clydesdale Bank does. Think on.

Nationwide Group